COMMERZBANK AG - Pre-stabilisation notice Commerzbank € 150mn Tap 2034
PR Newswire
London, January 17
Pre-Stabilisation notice
16 January 2019
Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.
Commerzbank AG
€ 150mn mortgage covered Tap due 2034
Commerzbank AG (contact: Daniela Olt-Farrelly; telephone: +49 69 13623492) hereby announces, as Stabilisation Coordinator, that the Stabilising Managers named below may stabilise the offer of the following securities in accordance with Commission Delegated Regulation (EU) 2016/1052 under the Market Abuse Regulation (EU Regulation 596/2014).
| The security to be stabilised: | |
| Issuer: | Commerzbank Aktiengesellschaft |
| Guarantor (if any): | none |
| Aggregate nominal amount: | € 150,000,000 |
| Description: | 1.25 % € mortgage covered bond increase due 9 January 2034 |
| Offer price: | 98.60 |
| Other offer terms: | launched under € 40bn MTN programme of Commerzbank AG, denoms 1k/1k, listing Frankfurt, payment date 23 January 2019 |
| Stabilisation: | |
| Stabilisation Manager: | Commerzbank AG |
| Stabilisation period expected to start on: | 16th January 2019 |
| Stabilisation period expected to end on: | no later than 30 days after the proposed issue date of the securities |
| Existence, maximum size and conditions of use of over-allotment facility. | The Stabilising Managers may over-allot the securities to the extent permitted in accordance with applicable law. |
| Stabilisation trading venue: | Frankfurt/Main |
In connection with the offer of the above securities, the Stabilising Manager(s) may over-allot the securities or effect transactions with a view to supporting the market price of the securities during the stabilisation period at a level higher than that which might otherwise prevail. However, stabilisation may not necessarily occur and and any stabilisation action, if begun, may cease at any time Any stabilisation action or over-allotment shall be conducted in accordance with all applicable laws and rules.
This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.
This announcement is not for distribution, directly or indirectly, in or into the United States or any other jurisdiction in which such distribution would be unlawful.
END
